T&T's External Accounts To Be Supported By Export Strength

 

• Fitch expects Trinidad & Tobago’s current account surplus to widen in 2019 on the back of increased energy exports.

 

• Higher natural gas prices will support export growth while T&T’s managed exchange rate will constrain imports.

 

• Nevertheless, T&T’s overall external position will continue to weaken due to capital outflows, forcing the Central Bank of Trinidad and Tobago (CBTT) to further draw down foreign reserves.

(Source: Fitch)